Chainlink Launches System for Banks and Institutions to Launch RWA Tokens

 

Decentralized oracle network Chainlink has announced the launch of the Chainlink Digital Assets Sandbox (DAS), a platform designed to accelerate the creation and deployment of digital assets.

In a press release released this Thursday, July 18, the company highlighted that DAS enables financial institutions to conduct tokenization tests and Proofs of Concepts (PoCs) in a few days instead of months, driving innovation in the financial sector.

Angela Walker, Global Head of Banking and Capital Markets at Chainlink Labs, explained that the creation of DAS responds to the growing demand for secure digital environments capable of handling blockchain applications.

DAS provides an environment where financial institutions can safely experiment with asset tokenization and accelerate the development of new financial products.

“The Chainlink Digital Asset Sandbox addresses this need by enabling institutions to create rapid Proofs of Concept in days, not months, and leverage Chainlink Labs’ expertise in research and development to bring these use cases to life,” said Walker.

She added that the institutional world needs access to blockchain technology. In this regard, Chainlink offers a safe and secure standard to facilitate large-scale on-chain finance, improving the infrastructure of the financial industry.

Chainlink Launches Digital Asset Sandbox

As per the statement, the platform enables financial institutions to explore new revenue streams through asset tokenization.

Kevin Johnson, Head of Euroclear’s Innovation Competence Center, highlighted that the sandbox provides a safe environment for financial institutions and fintechs to experiment, learn and develop a strong business case for investing in digital asset strategies.

DAS supports a variety of digital asset use cases, including security tokenization, collateralization, and cross-chain trading. Additionally, Chainlink Labs offers consulting services to guide institutions through the adoption process, ensuring that institutions can make the most of new technologies.

Chainlink recently partnered with Sygnum and Fidelity International to bring Net Asset Value (NAV) data on-chain. This collaboration allows Sygnum to tokenize and provide on-chain access to NAV data for Fidelity International’s $6.9 billion Institutional Liquidity Fund. This demonstrates Chainlink’s ability to integrate advanced blockchain solutions into the traditional financial market.

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